GBP turning bearish after surge to 1.28 - heading down to 1.23

4 giorni fa

GBP turning bearish after surge to 1.28 - heading down to 1.23 is support zone of 1.25-1.2610 breached.

Entry 1.2760
SL 1.2810
TP1 1.25
TP2 1.23

Good luck all!

4 giorni fa

Trade attivo

Update:
Moved SL to Break even at 1.2760
The green trend line still not broken clearly - all eyes on US CPI numbers.

Good luck everyone (especially if you are in a similar trade :) )

3 giorni fa

Trade chiuso: stop raggiunto

Stop reached at break even - got back in on the short - trade now stands at

Entry 1.2780
SL 1.2810
TP1 1.25
TP2 1.23

The green upwards channel line still not broken but I am still maintaining short here - dont see much upside for the Pound in terms of economic numbers - next weeks UK unemployment numbers to show a decline post the new budget and reforms - however, may take a call before Fed decision next week on interest rates. UK is not going to cut but the US might next week as per market expectations. However, I still think they may pause despite inflation being subdued as Trump takes over in January and should he follow through on his tariff plans, inflation will come roaring back - trade safe with tight SL and good luck everyone!

Maintaining capital is of utmost importance!

l’altro ieri

Nota

UPDATE
Moved SL to break even at 1.2780 - risk free trade now that green upward line has been breached.

UK data should bring about a big drop in the Pound over the next 3 trading days with some respite coming in should US cut interest rates.

Enjoy the ride below if you're short and keep trailing SL to keep profits.

l’altro ieri

Nota

Took profit at 1.2680 - 100 pips - will get back on short should we see a bit of retracement. Long term trade still intact but will take time.
Good luck!